Stanford Free Library
- Assets
- $2.9m
- Revenue
- $202.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Stanfordville, NY
- Founding
- 08/1967
- Data as of
- 12/2021
- EIN
- 14-1492555
Organization Overview
Stanford Free Library is located in Stanfordville, NY. The organization was established in 1967. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2021, Stanford Free Library employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stanford Free Library is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Stanford Free Library generated $202.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $242.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LIBRARY SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY AND RELATED SERVICES FOR THE TOWN OF STANFORD RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Williams Vice President | OfficerTrustee | 5 | $0 |
Barry Weinberger Treasurer | OfficerTrustee | 5 | $0 |
Jim Bail President | OfficerTrustee | 5 | $0 |
Laura Gilhooly Corresponding Secretary | OfficerTrustee | 5 | $0 |
Fred Schall Recording Secretary | OfficerTrustee | 5 | $0 |
Claudia Debellis Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $143,632 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,827 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,459 |
| Total Program Service Revenue | $0 |
| Investment income | $5,563 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $202,022 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,106 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,033 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,794 |
| Information technology | $1,436 |
| Royalties | $0 |
| Occupancy | $9,916 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,688 |
| Insurance | $7,956 |
| All other expenses | $0 |
| Total functional expenses | $242,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,214 |
| Savings and temporary cash investments | $571,993 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,155,915 |
| Investments—publicly traded securities | $148,549 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,885,671 |
| Accounts payable and accrued expenses | $4,374 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,374 |
| Net assets without donor restrictions | $2,881,297 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,885,671 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Stanford Free Library has recieved totaling $19,931.
| Awarding Organization | Amount |
|---|---|
Community Foundations Of The Hudson Valley Poughkeepsie, NY PURPOSE: ARTS, CULTURE & HUMANITIES | $16,066 |
The Phffoundation Inc Old Greenwich, CT PURPOSE: GENERAL PURPOSE | $2,500 |
George T Whalen Jr Foundation Inc Millbrook, NY PURPOSE: GENERAL OPERATIONS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $365 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Library Of Pittsburgh Pittsburgh, PA | $129,763,715 | $43,541,952 |
Pierpont Morgan Library New York, NY | $416,332,166 | $59,153,120 |
Rochester Public Library Rochester, NY | $13,709,813 | $21,920,405 |
Suffolk Cooperative Library System Bellport, NY | $18,374,423 | $17,112,722 |
Smithtown Library Nesconset, NY | $38,994,883 | $15,642,317 |
Allegheny County Library Assoc Pittsburgh, PA | $1,615,297 | $12,970,956 |
Buffalo & Erie County Public Library Buffalo, NY | $4,920,940 | $11,835,935 |
The Free Library Of Philadelphia Philadelphia, PA | $55,485,474 | $14,690,366 |
Massachusetts Library System Inc Marlborough, MA | $7,404,141 | $11,793,761 |
Ferguson Library Stamford, CT | $21,910,876 | $11,228,846 |
Proprietors Of The Boston Athenaeum Boston, MA | $130,203,809 | $11,281,803 |
Nassau Library System Uniondale, NY | $13,078,101 | $10,576,238 |